Deutsche Bank woes a positive for major U.S. banks -investor Kass

Kass, who runs Seabreeze Partners Management, said he believes Deutsche Bank, whose shares fell to a year low overnight, is weighing on the banking sector as some investors are concerned about Deutsche Bank’s large derivative portfolio and its counterparty risk with U.S. money center banks. “I view the current underperformance in banks stocks as an important intermediate-term opportunity to acquire valuable long term investments,” Kass said. …read more

Source:: Yahoo Finance


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